23.

A stock expects to pay dividends of $4.59 per share one year from today. The dividend is expected to grow at a constant rate of 3.92 percent per year in perpetuity. Investors require a rate of return of 11 percent on this stock. What should the price of the stock be today?

Group of answer choices

$64.83

$41.73

$59.11

$55.09

$67.37